Summary
- Ford modifies diversity, equity, and inclusion initiatives to appeal to conservatives
- Chinese EV tariffs impact Lotus, leading to massive reduction in sales targets
- Tesla seeks lower tariffs on Chinese-made electric vehicles in Canada
- BYD’s success in China squeezing out smaller automakers in the market
- Chicken nuggets are crowned the best car snack according to Jalopinions
Article
Ford recently announced that it would be modifying its diversity, equity, and inclusion initiatives and end participation in rankings by an LGBTQ advocacy group, in a move to appeal to conservatives. This decision has been met with disappointment from the Human Rights Campaign, who believes that Ford is abandoning its commitment to diversity and inclusion, which could have long-term consequences on attracting top talent from the LGBTQ community. The shift in tone from Ford comes after the 2020 murder of George Floyd, when the company pledged to lead in creating a fair and inclusive culture for its employees. This decision by Ford is seen as a step back from its previous commitments to diversity and inclusion.
Lotus has revised its sales targets significantly downward after being hit by additional tariffs on its China-built electric crossover, Eletre. The U.S. and other markets’ decision to impose a 100 percent import tariff on Chinese-built electric vehicles has led to a major decrease in Lotus’ sales targets for 2024 and 2025. The company now expects to sell only 12,000 vehicles in 2024, down 78 percent from its previous target of 55,500 units. This tariff has had a significant impact on Lotus’ sales and profitability, prompting the company to recalibrate its product strategy to navigate this challenging market environment.
Tesla has sought a lower tariff on Chinese-made electric vehicles in Canada, before the country announced a 100 percent tariff on such imports. The duties, effective on October 1, apply to all EVs shipped from China, including Teslas. Tesla had also made a similar appeal to the European Union, where the company received a lower tariff compared to other Chinese EV imports. The tariffs have affected the import of Chinese-made vehicles to countries like Canada, impacting Tesla’s exports and sales to these markets.
BYD’s significant growth and dominance in the Chinese auto market are squeezing out smaller automakers like Li Auto and Xpeng. While BYD has posted a 33 percent jump in second-quarter profits and maintained its leadership position in the market, other Chinese automakers have reported disappointing earnings and forecasts. BYD’s success is attributed to its pioneering battery and hybrid technologies, as well as its wide lineup of vehicles that cater to various segments of the market. The company’s scale and vertical integration have allowed it to navigate the market more effectively than its competitors.
Chicken nuggets have been proclaimed as the ultimate car snack, with Wendy’s specifically highlighted as having the best nuggets. These portable, convenient, and delicious snacks are perfect for on-the-go consumption while driving. Wendy’s nuggets, in particular, are praised for their taste and quality, making them a popular choice for car trips and commutes. The snack is a favorite among many drivers and provides a satisfying and enjoyable option for eating while on the road.
In music news, The Cure’s song “Just Like Heaven” is featured on the radio, adding to the soundtrack of the day. The band’s iconic track continues to resonate with listeners and capture the essence of their unique sound. The Cure’s music has stood the test of time and remains a favorite among fans. “Just Like Heaven” exemplifies the band’s signature style and emotional depth, making it a timeless classic in the alternative music scene.
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